Richard Postma - The Doctor Is In – Fri 16 Aug, 2019

Clarification on Doc percentage of investment and answering some of your questions

Doc is back with us this week to clarify some points he made last week and answer some of your questions regarding gold. Sticking to the big picture Doc is bullish but there could be some short term weakness.

View related posts on: ,

  1. On August 16, 2019 at 1:16 pm,
    Excelsior says:

    Fremont to Sell Gold Canyon Project to (MUX) McEwen Mining Inc.

    by @newsfile on 16 Aug 2019

    “Fremont’s Gold Canyon is a past producing gold mine adjacent to McEwen’s Gold Bar mine.”

  2. On August 16, 2019 at 1:17 pm,
    Excelsior says:

    Rick Rule filled in for Eric Sprott today, on Sprott Money News Weekly Wrap-Up.

    (Rick starts at 6:38 min mark) $Gold $Silver #AudioInterview

  3. On August 16, 2019 at 1:18 pm,
    bonzo b. says:

    Doc, how many days did it take to go from St. Louis to Red Wing?
    Do your charts agree with Rambus’ prediction of $25 oil?
    Elvis, Aretha, and Babe Ruth all died on Aug. 16th, so beware!

  4. On August 16, 2019 at 1:36 pm,
    RICHARD/DOC says:

    BB, about 6 days to get from St. Louis to Red Wing. When did Rambus say we would see $25 oil? My long term charts tell me there is no evidence of that right now. Maybe in 2 years if he is lucky on his predictions. Besides, do you think Trump and Opec would let it happen? Can you imagine what it would do to Saudi Arabia and their budget needs. They already need to have $80 oil to balance their budgets and the the fracking oil compnies, the banks, and private equity guys would be toast and it would probably set off the next financial crisis with all the bad loans out there. By the way, did you see my note on SLB and HAL?

  5. On August 16, 2019 at 1:51 pm,
    bonzo b. says:

    Rambus said that in the last week. He did not say how long it would take, but he must be expecting a bad recession or depression. In the Great Depression crude fell to 10 cents a bbl. Rambus likes gold now ever since it broke above 1350 and he had been negative for years. I did see your note on SLB and HAL. Did you see my response?

    • On August 16, 2019 at 1:55 pm,
      RICHARD/DOC says:

      Thanks, I went back and read it. At this time, I don’t think we see $25 oil although it could happen in 200 years. Who knows but the technicals aren’t suggesting it all at this time.

      • On August 16, 2019 at 2:12 pm,
        RICHARD/DOC says:

        I check in on IMBBY every once in awhile.

        • On August 16, 2019 at 3:58 pm,
          bonzo b. says:

          I last bought IMBBY@23.5 In 1932 when gold was 20.67 per oz that was 206 times the price of crude at 10 cents a bbl. In another depression gold would be 200 times the price of oil with oil at $25 and gold at 5K. It could happen.

  6. On August 16, 2019 at 4:01 pm,
    Excelsior says:

    Powell orders media blackout for Fed staff

    Jay Powell is determined not to fuel the struggle between an independent Fed and President Trump

  7. On August 16, 2019 at 4:44 pm,
    cfs says:

    In a trade war between China and the US, perhaps we ought not to view it in the belief it is an up-and-coming world power challenging a waning would power, but as a buyer (U.S.) challenging a seller (China)
    The two are quite different.

    In the latter, the maxim is: “The buyer is always right”
    meaning: The buyer is the one with the power to define the trade terms.

    I think Trump is under-lining this belief by using tariffs.

  8. On August 16, 2019 at 8:30 pm,
    buzz says:

    I’d be curious to learn where Doc sees a bottom in GSV